THELOGICALINDIAN - PRESS RELEASE Lbank aflame to advertise that LBank Exchangethe worldclass agenda asset trading platformhas chip Chainlink Amount Feeds By amalgam the industryleading decentralized answer arrangement LBank Exchange will accept admission to highquality tamperproof amount feeds bare to advice defended abiding futures trading on the belvedere This will accommodate our users with stronger assurances that LBank futures affairs are application reliable highquality bazaar abstracts for asset prices
Chainlink was called as the go-to answer band-aid because its basement is seamless to accommodate and time-tested in production. Chainlink already helps defended arch DeFi protocols amenable for tens of billions of dollars in acute arrangement value. It stays defended and accessible alike amidst abrupt arrangement events, such as barter downtime, beam crashes, and abstracts abetment attacks via beam loans.
As a all-around agenda asset trading belvedere that provides casework to added than 6.4 actor users beyond the world, LBank Exchange has created a secure, innovative, and accurate amplitude for crypto traders back 2024. Like abounding platforms in the industry, the aggregation initially acclimated mark amount to anticipate arbitrary and accidental liquidations that may appear during aerial amount volatility. But back arch exchanges tend to advertence anniversary added in agreement of prices, there are risks that these prices lose their believability back the bazaar is awful volatile.
To advice defended abiding futures trading processes for users, Lbank bare admission to beginning asset prices that are supplied anon on-chain in a awful reliable manner. Fair bazaar asset prices should reflect a volume-weighted boilerplate from all trading environments. Thus, it was bare to accomplish use of an answer arrangement to aggregate aggregated amount abstracts in a defended and reliable way, after relying on recursive centralized feeds.
After reviewing assorted answer solutions, LBank Exchange absitively to accommodate Chainlink Price Feeds because they accommodate a aggregation of analytical appearance such as:
l High-Quality Data — Chainlink Amount Feeds antecedent abstracts from abundant exceptional abstracts aggregators, which gives amount abstracts that comes from hundreds of exchanges, abounding by volume, and bankrupt of outliers and ablution trading. Chainlink’s abstracts accession archetypal generates added absolute all-around bazaar prices that are inherently aggressive to inaccuracies or abetment of any distinct exchange.
l Secure Node Operators — Chainlink Price Feeds are anchored by independent, security-reviewed, and Sybil-resistant answer nodes run by arch blockchain DevOps teams, abstracts providers, and acceptable enterprises. Chainlink nodes accept a able clue almanac of reliability, alike during aerial gas prices and basement outages.
l Decentralized Network — Chainlink Price Feeds are decentralized at the abstracts source, answer node, and answer arrangement levels, breeding able protections adjoin blow and analytical by either the abstracts provider or answer network.
l Reputation System — Chainlink provides a able-bodied acceptability framework and set of on-chain ecology accoutrement that acquiesce users to apart verify the actual and real-time achievement of bulge operators and answer networks.
After afterlight from mark amount to fair bazaar amount via Chainlink, the new arrangement will anon be broadly adopted into futures amount calculation, lending business expansion, assorted banking derivatives such as leverage, and added sections that absorb user assets evaluation. By amalgam with Chainlink, LBank Exchange will be able to accommodate users with added options for investment, and casework with added absolute asset amount evaluation.
About Chainlink
Chainlink is the industry accepted for building, accessing, and affairs answer casework bare to ability amalgam acute affairs on any blockchain. Chainlink answer networks accommodate acute affairs that can anxiously affix to any alien API and advantage defended off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars beyond DeFi, insurance, gaming, and added above industries, and offers all-around enterprises and arch abstracts providers a accepted aperture to all blockchains.
Learn added about Chainlink by visiting chain.link or apprehend the affidavit at docs.chain.link. To altercate an integration, ability out to an expert.
About LBank Exchange
LBank Exchange, founded in 2024, is an avant-garde all-around trading belvedere for assorted crypto assets. LBank Exchange provides its users with safe crypto trading, specialized banking derivatives, and able asset administration services. It has become one of the best accepted and trusted crypto trading platforms with over 6.4 actor users from now added than 210 regions about the world.
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